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New York Natural-Gas Prices Post Record on Cold Snap

New York Natural-Gas Prices Post Record on Cold Snap

The price of natural gas delivered to New York City climbed to an all-time high on Tuesday as a winter snow storm brought freezing temperatures to the Northeast.

Iran Asks Foreign Oil Companies for Views on Contracts

Iran Asks Foreign Oil Companies for Views on Contracts

Iran is soliciting views from foreign oil companies on how the country may structure new oil contracts to ease cost-recovery and allow booking of reserves, a senior Iranian oil official said.

Areva, Gamesa to Create Wind Power Joint Venture

Areva, Gamesa to Create Wind Power Joint Venture

French energy and nuclear engineering firm Areva SA (AREVA.FR) and Spain's Gamesa Corporacion Tecnologica SA (GAM.MC) are to announce Monday the creation of a joint venture specialized in offshore wind power, French business daily Le Figaro reports, without citing sources.

Iran to Halt 20% Enriched Uranium by Noon Monday

Iran to Halt 20% Enriched Uranium by Noon Monday

Iran's nuclear chief Ali Akbar Salehi said the Islamic republic would halt production of 20% enriched uranium by noon (0830 GMT) on Monday, the official IRNA news agency reported.

Shell Sells Australian Assets for $1.14 Billion

Shell Sells Australian Assets for $1.14 Billion

Royal Dutch Shell PLC said Monday it is selling its stake in an Australian natural-gas project, the oil company's first disposal since it issued a rare profit warning last week.

Pakistan in Talks to Acquire 3 Nuclear Plants From China

Pakistan in Talks to Acquire 3 Nuclear Plants From China

Pakistan is in talks with China to acquire three large nuclear power plants for some $13 billion, Pakistani officials said, in a further blow to international efforts to restrict the trade in nuclear technology.

Bulgaria Gets 34.6 mln euro in KIDSF Grants for Energy Projects

Bulgaria Gets 34.6 mln euro in KIDSF Grants for Energy Projects

The Bulgarian energy ministry said on Friday it has signed four agreements with the donors of the Kozloduy International Decommissioning Support Fund (KIDSF) for grants totaling 34.6 million euro ($47 million) earmarked mainly for energy efficiency projects.

Japan to Start Releasing LNG Spot Price Data in May to Create Asian Benchmark

Japan to Start Releasing LNG Spot Price Data in May to Create Asian Benchmark

Japan is preparing the ground for the launch of the world's first futures contract for liquefied natural gas with two moves slated for May: the establishment of a spot LNG reference price and a joint venture with a Singapore firm to start an over-the-counter market for LNG derivatives.

Bosch to Pay SolarWorld Up to EUR130M to Take On Arnstadt

Bosch to Pay SolarWorld Up to EUR130M to Take On Arnstadt

Robert Bosch GmbH will pay SolarWorld AG (SWE.XE) up to 130 million euros ($177 million) to take most of its German solar operations off its hands and continue to employ most the personnel based in Arnstadt, in the German state of Thuringia, people familiar with the agreement told The Wall Street Journal Thursday.

Exxon Mobil Pulls Staff From Abu Dhabis Concession

Exxon Mobil Pulls Staff From Abu Dhabi's Concession

Exxon Mobil Corp. (XOM) has pulled its staff from Abu Dhabi's onshore oil fields after its concession agreement with state-run Abu Dhabi National Oil Company, or Adnoc, expired earlier this month, Energy Intelligence reports Friday.

Brent-WTI Crude Price Difference Narrows As Brent Struggles

Brent-WTI Crude Price Difference Narrows As Brent Struggles

The price difference between Brent crude and its U.S. counterpart has narrowed to the closest point since the end of December, as the North Sea benchmark continues to struggle to make gains this year.

Bulgaria Produces More Energy than it Consumes: President

Bulgaria Produces More Energy than it Consumes: President

Bulgarian President Rosen Plevneliev, who is on an official two-day visit to Albania, discussed security in terms of electricity supply during a meeting with representatives of Albanian companies, the press centre of the Bulgarian Head of State announced.